Jacquet Metals (ENXTPA:JCQ) - Share price, News & Analysis

JCQ fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	4/6
Financial Health	4/6
Dividends	4/6

JCQ Stock Overview

Jacquet Metals SA engages in the distribution of specialty steels.

Rewards

Trading at 44.8% below our estimate of its fair value

Earnings grew by 979.2% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 20.1% per year for the next 3 years

High level of non-cash earnings

Dividend of 5.66% is not well covered by earnings

Jacquet Metals Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Jacquet Metals
Historical stock prices
Current Share Price	€17.66
52 Week High	€25.60
52 Week Low	€16.32
Beta	1.28
1 Month Change	-10.36%
3 Month Change	-13.43%
1 Year Change	-10.26%
3 Year Change	-1.89%
5 Year Change	-23.85%
Change since IPO	68.19%

Recent News & Updates

Jun 06

Jacquet Metals (EPA:JCQ) Is Increasing Its Dividend To €1.00

Jacquet Metals SA's ( EPA:JCQ ) dividend will be increasing to €1.00 on 4th of July. This makes the dividend yield...

May 22

Jacquet Metals (EPA:JCQ) Has Announced That It Will Be Increasing Its Dividend To €1.00

Jacquet Metals SA ( EPA:JCQ ) has announced that it will be increasing its dividend on the 4th of July to €1.00. This...

Shareholder Returns

	JCQ	FR Trade Distributors	FR Market
7D	-3.2%	-10.6%	3.6%
1Y	-10.3%	-8.9%	-11.3%

Return vs Industry: JCQ matched the French Trade Distributors industry which returned -10.1% over the past year.

Return vs Market: JCQ exceeded the French Market which returned -14% over the past year.

Price Volatility

Is JCQ's price volatile compared to industry and market?
JCQ volatility
JCQ Average Weekly Movement	5.5%
Trade Distributors Industry Average Movement	4.8%
Market Average Movement	5.0%
10% most volatile stocks in FR Market	9.2%
10% least volatile stocks in FR Market	2.9%

Stable Share Price: JCQ is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: JCQ's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1962	2,951	Eric Jacquet	https://www.jacquetmetals.com

Jacquet Metals SA engages in the distribution of specialty steels. It operates through three divisions: JACQUET, STAPPERT, and IMS Group. The company distributes stainless-steel and nickel alloys quarto plates, which are used in water, environment, energy, mechanical and forged metal construction, chemical and agri-food, gas processing and storage, pharmaceutical, and cosmetic sectors.

Jacquet Metals Fundamentals Summary

How do Jacquet Metals's earnings and revenue compare to its market cap?
JCQ fundamental statistics
Market Cap	€406.18m
Earnings (TTM)	€120.85m
Revenue (TTM)	€1.97b

3.4x

P/E Ratio

0.2x

P/S Ratio

Is JCQ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
JCQ income statement (TTM)
Revenue	€0
Cost of Revenue	€0
Gross Profit	€0
Other Expenses	€0
Earnings	€0

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	5.25
Gross Margin	26.69%
Net Profit Margin	6.14%
Debt/Equity Ratio	77.4%

How did JCQ perform over the long term?

See historical performance and comparison

Dividends

5.7%

Current Dividend Yield

19%

Payout Ratio

Does JCQ pay a reliable dividends?

See JCQ dividend history and benchmarks

When do you need to buy JCQ by to receive an upcoming dividend?
Jacquet Metals dividend dates
Ex Dividend Date	Jun 30 2022
Dividend Pay Date	Jul 04 2022
Days until Ex dividend	5 days
Days until Dividend pay date	9 days

Does JCQ pay a reliable dividends?

See JCQ dividend history and benchmarks

We’ve recently updated our valuation analysis.

Valuation

Is JCQ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JCQ?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for JCQ. This is calculated by dividing JCQ's market cap by their current preferred multiple.
What is JCQ's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	€406.18m

JCQ key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.3x
Enterprise Value/EBITDA	3.7x
PEG Ratio	-0.2x

Price to Earnings Ratio vs Peers

How does JCQ's PE Ratio compare to its peers?

JCQ PE Ratio vs Peers

The above table shows the PE ratio for JCQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	8.9x

Forward PE

Price-To-Earnings vs Peers: JCQ is good value based on its Price-To-Earnings Ratio (3.4x) compared to the peer average (8.9x).

Price to Earnings Ratio vs Industry

How does JCQ's PE Ratio compare vs other companies in the Trade Distributors Industry?

Price-To-Earnings vs Industry: JCQ is good value based on its Price-To-Earnings Ratio (3.4x) compared to the French Trade Distributors industry average (7.4x)

Price to Earnings Ratio vs Fair Ratio

What is JCQ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JCQ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	3.4x
Fair PE Ratio	7.6x

Price-To-Earnings vs Fair Ratio: JCQ is good value based on its Price-To-Earnings Ratio (3.4x) compared to the estimated Fair Price-To-Earnings Ratio (7.6x).

Share Price vs Fair Value

What is the Fair Price of JCQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JCQ (€17.66) is trading below our estimate of fair value (€32.01)

Significantly Below Fair Value: JCQ is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: JCQ's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

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Future Growth

How is Jacquet Metals forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-20.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: JCQ's earnings are forecast to decline over the next 3 years (-20.1% per year).

Earnings vs Market: JCQ's earnings are forecast to decline over the next 3 years (-20.1% per year).

High Growth Earnings: JCQ's earnings are forecast to decline over the next 3 years.

Revenue vs Market: JCQ's revenue (4.1% per year) is forecast to grow slower than the French market (5.9% per year).

High Growth Revenue: JCQ's revenue (4.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: JCQ's Return on Equity is forecast to be low in 3 years time (12.8%).

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Past Performance

How has Jacquet Metals performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-8.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: JCQ has a high level of non-cash earnings.

Growing Profit Margin: JCQ's current net profit margins (6.1%) are higher than last year (0.8%).

Past Earnings Growth Analysis

Earnings Trend: JCQ's earnings have declined by 8.9% per year over the past 5 years.

Accelerating Growth: JCQ's earnings growth over the past year (979.2%) exceeds its 5-year average (-8.9% per year).

Earnings vs Industry: JCQ earnings growth over the past year (979.2%) exceeded the Trade Distributors industry 55.7%.

Return on Equity

High ROE: JCQ's Return on Equity (22.7%) is considered high.

Discover strong past performing companies

Financial Health

How is Jacquet Metals's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: JCQ's short term assets (€1.3B) exceed its short term liabilities (€471.0M).

Long Term Liabilities: JCQ's short term assets (€1.3B) exceed its long term liabilities (€649.0M).

Debt to Equity History and Analysis

Debt Level: JCQ's net debt to equity ratio (33.1%) is considered satisfactory.

Reducing Debt: JCQ's debt to equity ratio has increased from 68.9% to 77.4% over the past 5 years.

Debt Coverage: JCQ's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: JCQ's interest payments on its debt are well covered by EBIT (17.3x coverage).

Balance Sheet

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Dividend

What is Jacquet Metals's current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

5.66%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: JCQ's dividend (5.66%) is higher than the bottom 25% of dividend payers in the French market (1.82%).

High Dividend: JCQ's dividend (5.66%) is in the top 25% of dividend payers in the French market (5.47%)

Stability and Growth of Payments

Stable Dividend: JCQ's dividend payments have been volatile in the past 10 years.

Growing Dividend: JCQ's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (19.2%), JCQ's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: JCQ is paying a dividend but the company has no free cash flows.

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Management

How experienced are the management team and are they aligned to shareholders interests?

11.9yrs

Average management tenure

CEO

Eric Jacquet (62 yo)

11.92yrs

Tenure

€1,645,500

Compensation

Mr. Eric Jacquet has been the Chairman and Chief Executive Officer of Jacquet Metal Service S.A. (Alternate name: Jacquet Industries SA and Jacquet Metal Service SA (formerly known as JACQUET Metals SA)) s...

CEO Compensation Analysis

Compensation vs Market: Eric's total compensation ($USD1.74M) is above average for companies of similar size in the French market ($USD472.34K).

Compensation vs Earnings: Eric's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: JCQ's management team is seasoned and experienced (11.9 years average tenure).

Board Members

Experienced Board: JCQ's board of directors are considered experienced (7 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/24 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31